Cryptocurrency THORChain Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
THORChain's cryptocurrency, RUNE, has seen a price decrease of 3.86% in the last 24 hours, now at $6.29, despite a 10% increase over the past week. The trading volume has dropped by 40%, and the circulating supply has slightly decreased. The current market cap ranks RUNE at #39 with $1.89 billion.
December 05, 2023 | 3:00 pm
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NEGATIVE IMPACT
RUNEUSD has experienced a 3.86% price decrease over the last 24 hours, a decline in trading volume by 40%, and a slight reduction in circulating supply.
The price decrease of 3.86% in the past 24 hours, coupled with a significant drop in trading volume, suggests a short-term bearish outlook for RUNEUSD. The reduction in circulating supply may not be enough to offset the negative price action in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100